EU countries aim to raise tech firms’ taxes by targeting revenue

Its no secret that European countries want major tech firms to pay more taxes, but how will they go about that beyond collecting back taxes? By taxing the companies where theyll feel it the most, thats how. The finance ministers of France, Germany, Italy and Spain have written a joint letter to the European Unions presidency and Commission calling for taxes on tech giants revenues, not just their profits. The four nations want the Commission to produce an equalization tax that …Read more